Should we re-fi?After 2+ years we just received a letter from BofA stating then we were denied a Making Home Affordable Modification - Fannie Mae or Freddie Mac do not own our loan - its a private lender - this is what the letter stated - "we service your loan on behalf of an investor or group of investors that has not given us the contractual authority to modify your loan under the Home Affordable Modification Program." - is there anything else we can do or try. We bought our home in Oct 2007 for $635k and we put 10% down and got two loans with a 90/10 split. 1st loan has 6.75% rate and 2nd balloon loan has a 8.25% rate - we owen combinded about $552k and our house is listed at $600k here in zillow(although the bedrooms are showing 2 instead of 3). Should we get our house appraiser and try and refinance to a lower rate? Any help would be greatly appreciated.Thanks in advanceOctober 08 2010 - Berkeley00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.